IYW vs PPA: Holdings Overlap
IYWiShares U.S. Technology ETF
iShares · 139 holdings · $25.2B · as of 2026-04-30
PPAInvesco Aerospace & Defense ETF
Invesco · 60 holdings · $8.7B · as of 2026-04-30
How similar are IYW and PPA?
iShares U.S. Technology ETF (IYW, by iShares) holds 139 positions; Invesco Aerospace & Defense ETF (PPA, by Invesco) holds 60. They have 7 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 7IYW holds 139 · PPA holds 60
- Weight in Shared Holdings
- IYW 3%·PPA 6%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in IYW
132 of 139 positions (96.7% of the fund) are not held by PPA. Showing the top 30 by weight.
Sector Breakdown
| Sector | IYW | PPA |
|---|---|---|
| Industrials | 1.0% | 92.8% |
| Information Technology | 80.4% | 7.4% |
| Communication Services | 17.9% | 0.1% |
| Consumer Discretionary | 0.4% | 0.0% |
| Financials | 0.1% | 0.0% |
| Other Sectors | 0.0% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| IYW | +4.4% | +27.3% | +39.7% | +32.8% | +19.8% | +24.9% | 0.10% |
| PPA | +2.8% | +17.5% | +25.3% | +29.8% | +20.7% | +17.8% | 0.35% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in IYW vs PPA →
Shared Holdings(7)
The top 7 shared positions account for 100% of the overlap, led by PLTR, APH and LDOS.
 PLTRPalantir Technologies, Inc., Class A | 1.86% | 1.23% | 1.23% |
|---|---|---|---|
 APHAmphenol Corporation CL A | 1.10% | 2.34% | 1.10% |
 LDOSLeidos Holdings Inc COM | 0.12% | 1.01% | 0.12% |
 CACICACI International, Inc., Class A | 0.07% | 0.89% | 0.07% |
 KBRKBR Inc COM | 0.03% | 0.31% | 0.03% |
 SAICScience Applications International Corp. COM | 0.03% | 0.29% | 0.03% |
 PSNParsons Corporation COM | 0.02% | 0.21% | 0.02% |
Frequently Asked Questions
How much do IYW and PPA overlap?
IYW and PPA overlap by 2.6% of portfolio weight. They share 7 holdings (IYW holds 139 positions and PPA holds 60), based on each fund's latest SEC-reported holdings.
Is it redundant to own both IYW and PPA?
The two portfolios are 2.6% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of IYW and PPA?
The largest positions held by both funds are PLTR, APH, LDOS, CACI and KBR. Together the top 7 shared positions account for 100% of the total overlap.
What does IYW own that PPA doesn't?
132 positions (96.7% of IYW) are unique to IYW, led by NVDA, AAPL and GOOGL. In the other direction, 53 positions (94.0% of PPA) are unique to PPA.